NZ dollar gains vs Aussie as RBA avoids talk of rate hikes, keeps policy in neutral

Tue, 04 Jul 2017

By Paul McBeth July 5 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart as the Reserve Bank of Australia retained a neutral bias while keeping its cash rate unchanged yesterday, putting it at odds with major central banks that are talking up the prospect of rate hikes. The kiwi rose to 95.74 Australian cents as at 8am in Wellington from 95.31 cents late yesterday. The local currency traded at 72.86 US cents from 72.70 cents yesterday with financial markets in the world's biggest economy closed for the Jul...

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